2100 Unser Blvd Rio Rancho, NM 87124
- Retail properties
- 3,187 SF
- 1.25 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2100 Unser Blvd
- Year built
- 2024
- Lot size
- 1.25 lot acres
- Property size
- 3,187 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee simple interest in a brand-new, 3,187 square foot Blake's Lotaburger restaurant located at 2100 Unser Blvd SE in Rio Rancho, New Mexico. The property, built in 2024 and opened October 3rd, 2024, sits on a 1.25-acre lot within the Village @ Rio Rancho development. This Class A, single-tenant net lease boasts a 15-year term with four 5-year renewal options, providing long-term security and rental increases of 10% every five years. The lease includes a corporate guarantee from Blake's Lotaburger, a well-established brand with 75+ locations. The property offers a 4.75% cap rate and a current NOI of $125,000, representing a strong return on investment. The property is zoned commercial and benefits from its prime location at the entrance of a 60-acre mixed-use development, promising significant future growth. This is a 1031 exchange eligible property, offering further tax advantages for qualified investors. The asking price is $2,631,500. This is a rare opportunity to acquire a high-performing, stable investment in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rio Rancho
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.696
- Latitude
- 35.2235
